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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG

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Sep 10 5:00 PM EST

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To: geoffreycs who wrote (356)	5/22/1999 12:58:00 AM
From: Travbfree	Read Replies (1) of 539

Here is the current story as best as I can see it with Samex, mostly gleaned from the annual shareholder meeting yesterday. Comibol is a state run company in Bolivia, currently being privatized similar to government run companies in Alberta. Samex management is somewhat inclined to suspect that Comibol management is grasping for properties it may still own so as to justify being in existence. The 'legal claim' they bring against Samex would be not be considered in a Canadian court... While I have little knowledge of the Bolivian legal system, I did note that they badly misspelt Eskapa, and 'forgot' to sign their 'demands'. Samex has not stopped working the property in light of this and by foresight had a prepared defense ready. May be worth noting that the man largely responsible for the writing of the current Bolivian mining code also happens to be Samex's in house lawyer in Bolivia. This leads me to a more important note that really stood out in the annual meeting...

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